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GRAND RAPIDS, Mich. - Office furniture maker Steelcase Inc. said Monday it has negotiated a product agreement with Lab Crafters Inc., which manufactures products used in laboratories.
| SCS | 5.44 |  0.33 |
Steelcase said the agreement will advance its market presence by combining Lab Crafters' fume hood technology and industry expertise with Steelcase's marketing, distribution and research-based product development.
"This alliance will allow both companies to provide a richer offering of products intended to help laboratory workers be more effective," Bob DeLuca, chief executive of Ronkonkoma, N.Y.-based Lab Crafters, said in a statement.
Effective Monday, Steelcase and Lab Crafters will distribute a full range of products throughout North America.
Shares of Steelcase rose 17 cents to $10.04 in midday trading.
NAME_Timothy F. Geithner AGE-BIRTH DATE-LOCATION-47; August 18, 1961, New York City.
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